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Updated over 3 years ago,

User Stats

23
Posts
13
Votes
David Klem
  • Rental Property Investor
  • Vermilion, OH
13
Votes |
23
Posts

Am I On The Right Track To Making This Transition?

David Klem
  • Rental Property Investor
  • Vermilion, OH
Posted

Hello Everyone

I've been in and out of Bigger Pockets for better than 2 years now and I am very excited about transitioning to REI. My favorite place on Bigger Pockets is probably Real Estate Rookie Podcast. I've learned so much and have even connected with a few of the guests. Ashley and Tony are absolutely great! I also have a stack of books on my desk, Audible and Kindle.

A little background: 

I'm 62. I'm a vegan with a lot of energy for my age and according to my last DOT Physical this week, I'm in fantastic health. I bought my first primary residence ever in 1/2019. The reason so late in life is because I chose more bad roads than most people when I was younger and that's all I'll say about that. I've been a truck driver since the '80s and I currently haul cars on a semi. Been with my current job for over 5 years. I met my wife(19 yrs younger) in 2015 online and video chatted on Messenger for 2 1/2 years before meeting her in person in the Philippines. (she was working in Hong Kong under contract) Met her a 2nd time in 2018. She came here on 2/19 and we got married on 3/19. She brought her 2 kids with her that are 21 and 23 now so I've had my plate full getting them all pointed in the right direction. One already has a college degree. My wife also works as well as her 2 kids.

Now that you know me a little better, I have a financial coach who has been directing me to pay down all of my debt and we have done that in all areas except for my wife's car. ($10,000) The $980 mortgage will remain being paid on schedule. My regular week starts on Sunday morning and I usually return sometime late afternoon on Thursday. Saturday/Sabbath is a day of worship for us.

Yes, I have a very time-demanding job! 

My thinking and plan are that if I'm going to do this thing right, I'm going to have to quit my job and supplement it with other sources of income so that I can devote more time to getting involved with REI. Having no personal debt hanging over my head will help eliminate the chance of having to sadly return to my old profession. Also, I live in Vermilion, Oh which borders Lake Erie.

My questions are, am I on the right track to making this transition? Is there something any of you would be doing differently if you were in my situation?

Thank you in Advance For All Your Advice And Support

Dave Klem

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